Dakota Wealth Management Takes $542,000 Position in GoDaddy Inc. (NYSE:GDDY)

Dakota Wealth Management purchased a new position in GoDaddy Inc. (NYSE:GDDY) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,744 shares of the technology company’s stock, valued at approximately $542,000.

Other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in GoDaddy during the third quarter worth about $27,000. ORG Wealth Partners LLC bought a new position in GoDaddy during the 3rd quarter worth approximately $30,000. Anchor Investment Management LLC acquired a new position in GoDaddy during the third quarter valued at approximately $31,000. Versant Capital Management Inc bought a new stake in GoDaddy in the fourth quarter valued at approximately $43,000. Finally, Huntington National Bank boosted its position in shares of GoDaddy by 298.7% during the third quarter. Huntington National Bank now owns 307 shares of the technology company’s stock worth $48,000 after purchasing an additional 230 shares in the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GDDY. Citigroup raised their price objective on GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Jefferies Financial Group lifted their price objective on GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Cantor Fitzgerald reissued a “neutral” rating and set a $170.00 target price on shares of GoDaddy in a research note on Monday, October 7th. Raymond James lifted their price target on shares of GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, Robert W. Baird increased their price objective on shares of GoDaddy from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $198.07.

GoDaddy Trading Up 0.1 %

Shares of GoDaddy stock opened at $207.44 on Friday. The stock has a market cap of $29.12 billion, a P/E ratio of 16.03 and a beta of 1.15. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 10.61. GoDaddy Inc. has a 12-month low of $106.42 and a 12-month high of $211.11. The business’s 50 day moving average is $200.75 and its 200-day moving average is $173.32.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.89 earnings per share. Equities research analysts predict that GoDaddy Inc. will post 4.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Brian Sharples sold 500 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $179.00, for a total value of $89,500.00. Following the transaction, the director now owns 24,121 shares in the company, valued at approximately $4,317,659. This represents a 2.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $167.79, for a total transaction of $503,370.00. Following the sale, the chief executive officer now owns 345,956 shares of the company’s stock, valued at $58,047,957.24. This trade represents a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,483 shares of company stock valued at $4,759,553 over the last 90 days. 0.61% of the stock is currently owned by insiders.

GoDaddy Profile

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.